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A director with XM Satellite Radio Holdings Inc. purchased 270,000 shares of common stock, according to a Securities and Exchange Commission filing Friday. In a Form 4 filed with the SEC, Jeffrey Zients reported he bought the shares (last) Wednesday for $11.05 to $11.20 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.

I’ll ask, “What’s the difference between being early and being wrong?”

It is nice to see some insider buying. After years of decline, it is nice to see anything the can be viewed as positive!

Wednesday, August 29th, 2007 at 3:47 am and is filed under Merger, Satellite Radio, Sirius, XM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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